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Side-by-side financial comparison of COGENT COMMUNICATIONS HOLDINGS, INC. (CCOI) and PagerDuty, Inc. (PD). Click either name above to swap in a different company.
COGENT COMMUNICATIONS HOLDINGS, INC. is the larger business by last-quarter revenue ($240.5M vs $124.5M, roughly 1.9× PagerDuty, Inc.). PagerDuty, Inc. runs the higher net margin — 129.7% vs -12.8%, a 142.5% gap on every dollar of revenue. On growth, PagerDuty, Inc. posted the faster year-over-year revenue change (4.7% vs -4.7%). PagerDuty, Inc. produced more free cash flow last quarter ($24.1M vs $-43.0M). Over the past eight quarters, PagerDuty, Inc.'s revenue compounded faster (5.9% CAGR vs -4.9%).
Cogent Communications Holdings, Inc. is a multinational internet service provider based in the United States. Cogent's primary services consist of Internet access and data transport, offered on a fiber optic, IP data-only network, along with colocation in data centers.
PagerDuty, Inc. is an American cloud computing company specializing in a SaaS incident management platform for IT operations departments.
CCOI vs PD — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $240.5M | $124.5M |
| Net Profit | $-30.8M | $161.6M |
| Gross Margin | 46.6% | 85.3% |
| Operating Margin | -4.7% | 6.5% |
| Net Margin | -12.8% | 129.7% |
| Revenue YoY | -4.7% | 4.7% |
| Net Profit YoY | 28.9% | 2827.7% |
| EPS (diluted) | $-0.63 | $1.69 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $240.5M | $124.5M | ||
| Q3 25 | $241.9M | $123.4M | ||
| Q2 25 | $246.2M | $119.8M | ||
| Q1 25 | $247.0M | $121.4M | ||
| Q4 24 | $252.3M | $118.9M | ||
| Q3 24 | $257.2M | $115.9M | ||
| Q2 24 | $260.4M | $111.2M | ||
| Q1 24 | $266.2M | $111.1M |
| Q4 25 | $-30.8M | $161.6M | ||
| Q3 25 | $-41.5M | $9.6M | ||
| Q2 25 | $-57.8M | $-7.2M | ||
| Q1 25 | $-52.0M | $-8.8M | ||
| Q4 24 | $-43.3M | $-5.9M | ||
| Q3 24 | $-63.1M | $-10.9M | ||
| Q2 24 | $-32.3M | $-17.1M | ||
| Q1 24 | $-65.3M | $-28.2M |
| Q4 25 | 46.6% | 85.3% | ||
| Q3 25 | 45.6% | 84.6% | ||
| Q2 25 | 44.2% | 84.0% | ||
| Q1 25 | 44.4% | 83.6% | ||
| Q4 24 | 38.5% | 83.0% | ||
| Q3 24 | 37.2% | 82.7% | ||
| Q2 24 | 40.0% | 82.6% | ||
| Q1 24 | 36.5% | 81.7% |
| Q4 25 | -4.7% | 6.5% | ||
| Q3 25 | -7.5% | 2.9% | ||
| Q2 25 | -12.8% | -8.6% | ||
| Q1 25 | -16.3% | -9.6% | ||
| Q4 24 | -13.2% | -8.7% | ||
| Q3 24 | -22.5% | -13.8% | ||
| Q2 24 | -18.1% | -19.5% | ||
| Q1 24 | -22.3% | -30.1% |
| Q4 25 | -12.8% | 129.7% | ||
| Q3 25 | -17.2% | 7.8% | ||
| Q2 25 | -23.5% | -6.0% | ||
| Q1 25 | -21.1% | -7.2% | ||
| Q4 24 | -17.2% | -5.0% | ||
| Q3 24 | -24.5% | -9.4% | ||
| Q2 24 | -12.4% | -15.4% | ||
| Q1 24 | -24.5% | -25.3% |
| Q4 25 | $-0.63 | $1.69 | ||
| Q3 25 | $-0.87 | $0.10 | ||
| Q2 25 | $-1.21 | $-0.07 | ||
| Q1 25 | $-1.09 | $-0.12 | ||
| Q4 24 | $-0.89 | $-0.07 | ||
| Q3 24 | $-1.33 | $-0.14 | ||
| Q2 24 | $-0.68 | $-0.26 | ||
| Q1 24 | $-1.38 | $-0.34 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $148.5M | $547.8M |
| Total DebtLower is stronger | $1.7B | — |
| Stockholders' EquityBook value | $-63.8M | $320.5M |
| Total Assets | $3.1B | $1.0B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $148.5M | $547.8M | ||
| Q3 25 | $147.1M | $567.9M | ||
| Q2 25 | $213.7M | $597.1M | ||
| Q1 25 | $153.8M | $570.8M | ||
| Q4 24 | $198.5M | $542.2M | ||
| Q3 24 | $279.2M | $599.3M | ||
| Q2 24 | $384.4M | $592.8M | ||
| Q1 24 | $118.4M | $571.2M |
| Q4 25 | $1.7B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $484.5M | ||
| Q4 24 | $1.5B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | $489.5M |
| Q4 25 | $-63.8M | $320.5M | ||
| Q3 25 | $-39.2M | $180.7M | ||
| Q2 25 | $46.7M | $145.7M | ||
| Q1 25 | $142.8M | $129.8M | ||
| Q4 24 | $222.8M | $111.6M | ||
| Q3 24 | $323.6M | $164.7M | ||
| Q2 24 | $415.5M | $174.0M | ||
| Q1 24 | $500.6M | $171.6M |
| Q4 25 | $3.1B | $1.0B | ||
| Q3 25 | $3.1B | $891.5M | ||
| Q2 25 | $3.3B | $926.8M | ||
| Q1 25 | $3.1B | $927.3M | ||
| Q4 24 | $3.2B | $866.8M | ||
| Q3 24 | $3.2B | $916.0M | ||
| Q2 24 | $3.3B | $924.0M | ||
| Q1 24 | $3.1B | $925.3M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 3.73× | ||
| Q4 24 | 6.53× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 2.85× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-6.0M | $24.8M |
| Free Cash FlowOCF − Capex | $-43.0M | $24.1M |
| FCF MarginFCF / Revenue | -17.9% | 19.3% |
| Capex IntensityCapex / Revenue | 15.4% | 0.6% |
| Cash ConversionOCF / Net Profit | — | 0.15× |
| TTM Free Cash FlowTrailing 4 quarters | $-198.1M | $117.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-6.0M | $24.8M | ||
| Q3 25 | $3.1M | $34.0M | ||
| Q2 25 | $-44.0M | $30.7M | ||
| Q1 25 | $36.4M | $31.4M | ||
| Q4 24 | $14.5M | $22.1M | ||
| Q3 24 | $-20.2M | $35.8M | ||
| Q2 24 | $-22.2M | $28.6M | ||
| Q1 24 | $19.2M | $22.2M |
| Q4 25 | $-43.0M | $24.1M | ||
| Q3 25 | $-33.1M | $33.1M | ||
| Q2 25 | $-100.2M | $30.2M | ||
| Q1 25 | $-21.7M | $30.3M | ||
| Q4 24 | $-31.6M | $21.5M | ||
| Q3 24 | $-79.5M | $35.1M | ||
| Q2 24 | $-70.9M | $28.2M | ||
| Q1 24 | $-21.7M | $21.2M |
| Q4 25 | -17.9% | 19.3% | ||
| Q3 25 | -13.7% | 26.8% | ||
| Q2 25 | -40.7% | 25.2% | ||
| Q1 25 | -8.8% | 24.9% | ||
| Q4 24 | -12.5% | 18.1% | ||
| Q3 24 | -30.9% | 30.3% | ||
| Q2 24 | -27.2% | 25.4% | ||
| Q1 24 | -8.1% | 19.1% |
| Q4 25 | 15.4% | 0.6% | ||
| Q3 25 | 15.0% | 0.7% | ||
| Q2 25 | 22.8% | 0.4% | ||
| Q1 25 | 23.5% | 0.9% | ||
| Q4 24 | 18.3% | 0.5% | ||
| Q3 24 | 23.0% | 0.5% | ||
| Q2 24 | 18.7% | 0.4% | ||
| Q1 24 | 15.4% | 0.9% |
| Q4 25 | — | 0.15× | ||
| Q3 25 | — | 3.55× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CCOI
Segment breakdown not available.
PD
| US | $88.8M | 71% |
| Non Us | $35.7M | 29% |
